CHINA RES GAS Subsidiary Chongqing Gas Reports 1H26 Revenue Down 4.65%, Profit Falls 28.79%

Bulletin Express
Aug 21

Hong Kong—21 August 2026—China Resources Gas Group Ltd. (CHINA RES GAS; 01193) announced that its 39.43%-owned subsidiary, Chongqing Gas Group Corporation Ltd., has released unaudited interim results for the six months ended 30 June 2026, prepared under PRC GAAP.

Financial Highlights (YoY): • Revenue declined to RMB 4.98 billion, a 4.65% decrease from RMB 5.22 billion. • Net profit attributable to shareholders fell 28.79% to RMB 75.04 million (1H25: RMB 105.38 million). • Net profit after extraordinary items dropped 43.70% to RMB 54.92 million. • Basic and diluted EPS both fell to RMB 0.048 from RMB 0.068, a 29.41% contraction. • Weighted average ROE slid 0.55 percentage points to 1.29%.

Balance-Sheet Position (vs. 31 Dec 2025): • Total assets edged up 0.98% to RMB 11.14 billion. • Net assets attributable to shareholders rose slightly by 0.18% to RMB 5.81 billion.

Cash Flow: • Net cash generated from operating activities surged to RMB 375.34 million, up 1,104% from RMB 31.17 million in the prior-year period, indicating improved working-capital management and cash conversion despite weaker earnings.

Dividend Proposal: The board of Chongqing Gas plans to distribute a cash dividend of RMB 0.08 (tax inclusive) per 10 shares, subject to approval and based on the share capital at the record date.

Compliance Note: These results are unaudited and may be adjusted upon completion of the annual audit. They reflect Chongqing Gas only and do not represent the consolidated performance of CHINA RES GAS Group. Investors are advised to review the full interim report (Shanghai Stock Exchange: 600917) for comprehensive details.

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